Ethereum (ETH) has recently shown a strong upward momentum, with impressive market performance. From a technical analysis perspective, ETH is undergoing an important rising phase, but investors should remain cautious of potential short-term pullbacks.

Currently, the key support levels for ETH are $4530, $4430, and $4378. These price levels are crucial for maintaining the current rise trend. If these supports can be held, it may lay the foundation for further increases.

Above, $4680 is an important resistance level. If it can break through $4868, the next target price may look towards $5050. This would be a significant breakthrough that could trigger a new wave of buying frenzy.

However, market participants should be aware that entering the market recklessly is not recommended without clear confirmation of the pattern. At the same time, any trades should set appropriate stop-losses to manage risk.

The cryptocurrency market has always been highly volatile, and investors need to remain rational and manage risks effectively. Closely monitoring market trends and making informed decisions based on one's own investment strategy will be a wise approach to cope with the current market environment.